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Increase in net assets
Norwegian net assets increased by NOK 959 billion from the 3rd quarter of 2014 to the 4th quarter of 2014. The rate of the Norwegian krone has fallen compared to important foreign exchange rates in the last quarter.
Opening balance | Transactions | Other changes | Closing balance | |
---|---|---|---|---|
Foreign assets | 10 355 309 | 247 015 | 1 135 524 | 11 737 848 |
Direct investment | 1 758 101 | 42 459 | 36 563 | 1 837 123 |
Portofolio investment | 6 846 842 | 63 864 | 909 338 | 7 820 044 |
Other investments | 1 319 877 | 155 877 | 118 741 | 1 594 495 |
Reserve assets (IMF breakdown) | 430 489 | -15 185 | 70 882 | 486 186 |
Liabilities | 5 931 391 | 168 954 | 254 346 | 6 354 691 |
Direct investment | 1 642 068 | -10 580 | 52 923 | 1 684 411 |
Portofolio investment | 2 591 946 | 93 549 | 100 245 | 2 785 740 |
Other investments | 1 697 377 | 85 985 | 101 178 | 1 884 540 |
NET ASSETS | 4 423 918 | 78 061 | 881 178 | 5 383 157 |
![Figure 1. Development in Norway's foreign assets and liabilities Figure 1. Development in Norway's foreign assets and liabilities](/en/utenriksokonomi/statistikker/forutland/kvartal/_image/220497.png?_encoded=2f66666666666678302f35382f&_ts=14bede6d900)
Norwegian assets amounted to NOK 11 738 billion, while Norwegian liabilities amounted to NOK 6 355 billion at the end of 2014. Compared to the end of 2013 there was an increase in positions by NOK 2 038 billion in assets and NOK 560 billion in liabilities. Changes in positions are due to transactions and other changes. The above figure shows a large increase in the net other changes in the 4th quarter of 2014. The increase is dominated by changes in the exchange rates.
Large positions in portfolio assets
At the end of the 4th quarter of 2014, the Norwegian assets of portfolio investment amounted to NOK 7 820 billion. The increase in equity is largely due to exchange rate changes, but also other price changes gave rise to the equity positions. The positions in debt securities also increased and were influenced by changes in the exchange rates. The Norwegian liabilities of portfolio investment amounted to NOK 2 786 billion at the end of the year.
Financial transactions
The transactions shown here are identical with the financial transactions published in the balance of payments. The transactions in financial assets amounted to NOK 583 billion and in liabilities to NOK 228 billion in 2014.
RevisionsOpen and readClose
The figures are revised back to 2012.
The statistics is now published as International accounts.
Contact
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Statistics Norway's Information Centre
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